Over in Beverly Hills, Bel Air Investment Advisors is quite explicit: 'We expect the bull market in global equities will likely continue in 2025, with the US again likely to outperform the rest of the world.'.
JP Morgan Chase agrees: 'We are positive on US risky assets in a world where US exceptionalism gets reinforced.'.
So will the US indeed have a calm and measured end to its boom – the hope I expressed last week?
Fidelity thinks: 'We are mid- to late-cycle, and not end-of-cycle, creating a volatile environment that should generally be good for risk assets but puts a premium on getting investment choices right.
We see the US still standing out versus other developed markets thanks to stronger growth.
